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4613
Increase in lending from financial institutions
statistikk
2010-06-03T10:00:00.000Z
Banking and financial markets
en
finansinst, Financial institutions (discontinued), banks, credit institutions, financial enterprises, Central Bank of Norway, state lending institutions, insurance companies, lending, financial instruments (for example shares, bonds, commerical papers)Financial institutions and other financial corporations, Banking and financial markets
false

Financial institutions (discontinued), Q1 2010

This statistics has been discontinued.

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Increase in lending from financial institutions

The financial institutions’ lending increased by 1.8 per cent to NOK 3 910 billion during the last year. Of this, loans to the public accounted for NOK 3 225 billion. This is an increase of 3.2 percentage points compared to the same quarter last year.

The banks reduced their lending by 1.4 per cent to NOK 2 345 billion during the first quarter. One reason for the decline is the transfer of loans from banks to mortgage companies and the establishment of new mortgage companies, as well as factors related to regulations concerning bonds with priority and the government’s actions aimed at the financial crisis.

The finance and mortgage companies lending to the public (municipalities, non-financial corporations and households) increased by 37.1 per cent to NOK 1 034 billion in the last 12 months.

Increased interest margin

The difference between the banks' average interest rates on loans and the average deposit rates; the interest rate margin, increased by 0.13 percentage points to 2.46 per cent in the last 12 months. From the last quarter, the interest rate margin increased by 0.07 percentage points.

Increased stock of securities

Investments in securities increased by 24.4 per cent to NOK 1 909 billion during the first quarter of 2010 compared to last year. The value of investments in equities, units and primary capital certificates increased by 34.4 per cent, while investments in bonds increased by 13.1 per cent compared to the first quarter last year. Bonds still have the largest share of the stock of securities by 63.4 per cent, while equities, units and primary capital certificates account for 25.4 per cent.

Increase in total assets

Total assets for all financial institutions increased by 2.7 per cent to NOK 6 700 billion compared with the corresponding quarter last year. The total assets in banks decreased by 1.5 per cent, while the total assets in insurance companies and finance companies increased by 10.2 per cent and 21.2 per cent respectively during the same period.

Total assets and total lending to the public from financial institutions. 1st quarter 2009-1st quarter 2010. NOK billion
 
  1. quarter 2009 2. quarter 2009 3. quarter 2009 4. quarter 2009 1. quarter 2010
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
 
Total 6 560    3 123    6 624    3 157    6 509    3 155    6 529    3 175    6 700    3 225
Norges Bank  521 1  496 1  387 1  387 1  401 1
Banks 3 733 2 124 3 761 2 080 3 683 2 016 3 708 1 993 3 643 1 920
State lending institutions  230  213  233  215  232  217  232  220  241  226
Finance companies 1 160  754 1 203  821 1 251  881 1 251  919 1 406 1 034
Insurance companies  916 31  931 40  956 40  951 42 1 009 44
 
 
 

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